Horizons Housing: Face Challenge and Payments Crisis

horizons housing: And, now, those of us who oppose Brexit and economic nationalism generally face the challenge to say how we would improve the functioning of an economy damaged by the financial crisis and then, again, by Brexit, according to The Independent. Good economic management will be more critical than ever. What Britain needs to prosper socially and financially in the 2020s is a longer-term strategy for sustainable growth which addresses the country's deep failings in respect of skills, short-term financial horizons and housing. In the late 1960s and 1970s Britain suffered from stagflation rates of inflation well above historic trends and occasionally reaching double figures leading to a balance of payments crisis under a fixed exchange rate system combined with slow growth relative to developed-country comparators. The Blair/Brown era of Labour government cemented this transformation. What followed was a revolution in policy terms which came to be known as Thatcherism with similar reactions elsewhere, notably the US a fundamental switch from state ownership and controls to much greater faith in private ownership and market freedom and with it, toleration of greater inequalities ; independence for central banks to control inflation; fiscal rules to stop the build-up of unsustainable deficits and debt; and full-blooded engagement with an open globalised economy through trade, financial markets, international investment and to a degree migration. (news.financializer.com). As reported in the news.